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Duties of directors under the companies act 2013

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Indrajeet Omania

Directors have duties under the Companies Act, 2013 including abiding by the company's articles of association, acting in good faith to promote the company's interests and protect stakeholders, exercising reasonable care, skill and independent judgment in their duties, not assigning their office as this would be void, and facing fines from 100,000 to 500,000 for contravening these provisions.

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Duties of Directors, under the Companies Act, 2013
He shall abide by the Articles of association of the Company
Shall act in good faith to PROMOTE The benefits of the company as a whole And take care of the interest of the stake holders of the company
A director of a company shall exercise his duties with due and reasonable care, skill and diligence and shall exercise independent judgment
Duties of directors under the companies act 2013
Duties of directors under the companies act 2013
A director of a company shall not assign his office and any assignment so made shall be VOID
If a director of the company contravenes the provisions of this section such director shall be punishable with fine which shall not be less than one Lakh Rupees but which may extend to five lakh Rupees
Duties of directors under the companies act 2013
By, Indrajeet Dey

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Duties of directors under the companies act 2013

  • 1. Duties of Directors, under the Companies Act, 2013
  • 2. He shall abide by the Articles of association of the Company
  • 3. Shall act in good faith to PROMOTE The benefits of the company as a whole And take care of the interest of the stake holders of the company
  • 4. A director of a company shall exercise his duties with due and reasonable care, skill and diligence and shall exercise independent judgment
  • 7. A director of a company shall not assign his office and any assignment so made shall be VOID
  • 8. If a director of the company contravenes the provisions of this section such director shall be punishable with fine which shall not be less than one Lakh Rupees but which may extend to five lakh Rupees